Company aims to increase revenues from ‘potentially reduced-risk products’ to £5bn British American Tobacco (BAT) has announced plans to cut 2,300 jobs by 2020 in readiness for a shift towards non-tobacco products, a day after Donald Trump said he was

Dane has won renown for taking on tech firms, upsetting Donald Trump in the process Margrethe Vestager, the high-flying Danish politician who has taken on Apple, Amazon and Google, will stay in charge of Europe’s competition rules and take charge of EU digital policy. Appointed to an unprecedented second term as the EU’s competition commissioner, Vestager will also oversee EU digital policy and will have the job title of “executive vice-president, Europe fit for the digital age”.

Hiring slowed amid trade war as economists expected to add about 160,000 jobs while unemployment rate remained at 3.7% Hiring slowed in the US in August as employers added a lackluster 130,00 new jobs, strengthening arguments that Donald Trump’s trade wars are beginning to hit the US economy. Economists had expected the US to add about 160,000 new jobs over the month. While the labor department announced the unemployment rate remained at 3.7%, a near 50-year low, the pace of hiring slowed markedly, down from an average of 192,000 new jobs a month last year to 143,000 so far this year.

Investors welcome news but remain cautious while Trump shows little sign of ceding The US and China have agreed to reopen trade talks next month as concerns grow that the tariff war between the world’s two largest economies could

Council’s infrastructure chief backs plans for development at Aberdeenshire golf resort The Trump Organization has promised to fund a new school and a health centre in order to win permission for a luxury housing estate near Donald Trump’s Aberdeenshire golf resort. The local council’s head of infrastructure, Stephen Archer, recommended councillors approve plans from Trump Golf Scotland to build 550 luxury homes and holiday villas in the first phase of a new development.

In an economic downturn Americans will reassess their president’s unreal narrative and random management style Donald Trump concluded his remarks at the recent G7 summit by inviting the assembled leaders to hold next year’s meeting at his Doral country club near Miami,

As the two meet for first time since Johnson’s election, PM lists British products facing US ‘bureaucratic obstacles’ Boris Johnson will challenge Donald Trump to throw open US markets to British exporters after Brexit, when the two men sit down together on Sunday for their first face-to-face meeting since Johnson became prime minister. Speaking to reporters en route to the G7 summit in the French town of Biarritz, Johnson listed a string of British products, from cars to cauliflowers and pork pies to rulers, which he claimed faced unnecessary export barriers in the US.

Trump had threatened high tariffs on French wine as punishment for Macron’s tax on tech firms French wine-makers are increasingly concerned about Donald Trump’s threats to introduce high tariffs on French wine in retaliation for Emmanuel Macron’s tax on global technology giants, as world leaders gather at the Biarritz G7 summit this weekend. A new front in Trump’s international trade wars could open up across France’s vineyards, damaging the livelihoods and jobs of small producers, if the US president decides to

Guardian readers from Greenland share their reactions to Donald Trump’s idea to buy the country While it looks on the surface like Trump is just drawing attention away from the rest of his ridiculous presidency with his comments about purchasing Greenland, I think that the US government does sincerely want access to our resources. The former is just asinine, but the latter is quite scary, neither of them are appreciated or welcome. If in my lifetime I see a Trump Tower in Nuuk, I should hope that global warming causes the ice underneath it to melt and send it to Atlantis, where it belongs along with the rest of Trump’s fantastical delusions.

President says he is postponing meeting with Mette Frederiksen because she was not interested in discussing transaction Donald Trump has cancelled his trip to Denmark and postponed his meeting with the Danish prime minister after she said that Greenland was not for sale.

President tweets demand for 1% reduction and more QE as markets look to central banks to bolster global economy Stock markets have been boosted by the growing prospect of more stimulus measures by central banks and governments across the world as Donald Trump heaped more pressure on the Federal Reserve to slash interest rates.

The US president’s talk of a ‘large real estate deal’ says a lot about his view of the world Greenland, and more specifically its purchase by the US, is being actively discussed in Donald Trump’s Oval Office. But what exactly is it that makes one of the world’s most desolate places such an attractive proposition? For the president, it is the

Unemployment is at lows last seen 50 years ago and stock markets, while wobbly, are close to record highs, but a shadow looms It’s 10 years since the great recession and by many measures the US economy is still booming. Unemployment is at lows last seen 50 years ago, stock markets, while wobbly, are close to record highs, consumer confidence is high and shoppers keep shopping. And yet there is a shadow over America. A chorus of economists are warning that the chances of a recession are growing. The Trump administration’s trade war with China is taking its toll abroad and there are now signs it’s coming home. This week

The president’s nominee for the Fed believes pegged exchange rates will fix the US trade deficit. Not so There are now scores of efforts to psychoanalyse the US president Donald Trump’s nomination of Judy Shelton to the Federal Reserve board. Some emphasise Shelton’s fidelity as an early adviser to the Trump campaign. Others point to her conversion into “

President asserts that the recent depreciation of the yuan amounts to currency manipulation. Not true The trade war between the US and China is heating up again, with the US president, Donald Trump, abruptly announcing

a href="https://www.theguardian.com/business/blog/live/2019/aug/08/surprise-rise-in-china-exports-boosts-asian-shares-trump-trade-war-business-live?page=with:block-5d4bd4808f0896be8f8f566c#block-5d4bd4808f0896be8f8f566c">Gold still hovers near $1,500 an ounce despite stock market recovery

Tweet in support of US farmers suggests dispute with Beijing could extend well in to 2020 Donald Trump has dropped the broadest possible hint that he is ready to dig in for the long term in the Washington’s trade war with China, after the latest escalation in the long-running dispute between the world’s two largest economies. The US president said he was ready to provide support for US farmers in 2020 should they face pressure from China, as economists at Goldman Sachs said the standoff could continue until after the US presidential election in November 2020.

First such move since 1994 fulfills Trump campaign promise and comes as stock markets fall The US has labeled China a currency manipulator, in a move that brings already tense relations between the two countries to a boil. On Monday, the US treasury secretary, Steven Mnuchin, accused China of manipulating its currency “to gain unfair competitive advantage in international trade”. The US will now ask the International Monetary Fund to “eliminate the unfair competitive advantage created by China’s latest actions”.

First such move since 1994 fulfills Trump campaign promise and comes as stock markets fall The US has labeled China a currency manipulator, in a move that brings already tense relations between the two countries to a boil. On Monday, the US treasury secretary, Steven Mnuchin, accused China of manipulating its currency “to gain unfair competitive advantage in international trade”. The US will now ask the International Monetary Fund to “eliminate the unfair competitive advantage created by China’s latest actions”.

The decision came hours after Trump accused China of unfairly devaluing its currency and marks a reversal for the Treasury department The US government has labeled China a currency manipulator, a move that could pave the way for new sanctions on China. The US has determined that China is manipulating its currency, and will engage with the International Monetary Fund to eliminate unfair competition from Beijing, US Treasury Secretary Steven Mnuchin said in a statement on Monday.

Until now, the US has tried to avoid hurting consumers when imposing tariffs. From next month, they will be fully exposedThe timing could not be better. On 1 September 1939, German troops crossed the border into Poland, triggering the start of the second world war. Eighty years to the day later, on 1 September 2019, Donald Trump

Donald Trump has been pushing for it, but the real problem lies with the man in charge – Jerome Powell Donald Trump got less than he wanted. Wall Street was unimpressed. Both the White House and the financial markets see the first

US president sends series of tweets and suggests agreement might be delayed Markets have fallen sharply across Europe after Donald Trump reignited trade war fears with a series of tweets attacking China’s handling of negotiations with the US. With a two-day meeting between the countries’ trade teams due to begin in Shanghai, the US president said China’s economy was “doing very badly” and added negotiators “just don’t come through” on agreements, including promises to buy US farm goods.

As the US president at last gets his interest rate cut he must wish he could have had the bold ECB boss at the Fed Central bankers rarely say anything that sticks in the memory. Mark Carney has been at the Bank of England for the past six years and is known as the rock star central banker, and not always in a good way. His answers to questions at press conferences are often like solos from the lead guitarist of a 1970s prog rock band: long and boring. Indeed, only two central bankers have ever come up what might be called zingers. William McChesney Martin, who ran America’s central bank for almost two decades from 1951 to 1970 said the Federal Reserve was in the position of a “chaperone who has ordered the punch bowl removed just when the party was really warming up”.

As trade talks are set to resume after a two-month halt, an aid package will see producers paid up to $150 per acre The US government will pay American farmers hurt by the trade war with China between $15 and $150 per acre in an aid package totaling $16bn with farmers in the South poised to see higher rates than in the midwest. As US and Chinese negotiators prepare to meet face-to-face for the first time since talks on the dispute collapsed in May, the agriculture secretary, Sonny Perdue, said the package showed that Donald Trump knew farmers were “fighting the fight”.

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